Critical Shiba Inu (SHIB) development coming soon: details

TL;DR

Shytoshi Kusama and Kaal Dhairya emphasized that Shiba Inu’s strength lies in its community, not individual leaders, remaining anonymous to uphold this principle. The developers plan to hand over control to the community by the end of 2024 to improve decentralization. “May the mask remain famous”

Shiba Inu (SHIB), the second largest meme coin, was launched four years ago. It was launched by an anonymous person or group of people under the pseudonym “Ryoshi”. Although SHIB was created as a decentralized community-building experiment, it is currently one of the most trending and top 20 cryptocurrencies with a market cap of over $8 billion.

In the years that followed, “Ryoshi” gradually stepped back, passing the lead to another anonymous developer with the moniker Shytoshi Kusama.

Earlier this week, Kusama participated in an interview, wearing a mask and with her voice modulated. The developer said that they do not aim to reveal its face, stating that Shiba Inu’s power is based on its dedicated community and not just a few individuals:

“There is no need for my face to become a public figure. Let the mask be famous. The power of SHIB is not because of me or Kaal, it is because of the community. And this is the most important thing: the technology to wear Web 2 to Web 3 and the branding of a very special dog breed that has gone viral many times as a meme.”

Kaal Dhairya, another enigmatic leader behind Shiba Inu, also participated in the interview. They stated that anonymity is the best way to blend in with the community and get their “true and honest feedback.”

More power to the community

The developers also announced that they will hand over control to the community and step aside at the end of 2024.

According to Kusama, the move aligns with her vision for true decentralization in the cryptocurrency space. The development is not about abandoning the project but about “empowering the community even more than it already has.”

While Shiba Inu is decentralized in its governance and ecosystem, the degree of decentralization may vary depending on the active participation of the community in development processes. If a large part of the SHIB army (a term used to collectively describe all Shiba Inu investors, advocates and traders) is passive, decision-making could be concentrated among a smaller group of involved participants.

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